A delegation of eight officials from the Development Bank of Nigeria (DBN) recently concluded a five-day study visit to the African Development Bank headquarters (www.AfDB.org) in Abidjan, Cote d’Ivoire. The visit, jointly hosted by the Climate Change and Green Growth…
THE African Development Bank (AfDB) has approved the creation of a major new fund to combat hunger and malnutrition among school-age children across Africa. Known as the End School-Age Hunger Fund (ESAH), the initiative is designed to scale up school meal programmes, improve…
THE African Development Bank (AfDB) has officially shortlisted five candidates for its upcoming presidential election, scheduled for May 29, 2025. The selection, announced following a two-day meeting of the Board of Governors’ Steering Committee on February 11-12 in Abidjan, marks…
IN an ambitious bid to transform Africa’s financial landscape, the African Development Bank (AfDB) has proposed a new, non-circulating currency system modelled on the historic gold standard. The proposed mechanism, known as the African Units of Account (AUA), would be…
THE African Development Bank (AfDB) and the US Trade and Development Agency (USTDA) have renewed their strategic partnership, extending their Memorandum of Understanding (MOU) for another five years. The agreement, which highlights a shared commitment to advancing quality infrastructure across…
IN a significant move to tackle unemployment among young people in Côte d’Ivoire, the African Development Bank Group (AfDB) has approved loans totalling €139.68 million. This funding aims to foster youth entrepreneurship, boost job creation, and strengthen micro, small, and medium-sized enterprises…
THE African Development Bank (AfDB) has approved a bold strategy for Ghana, aimed at fostering a resilient, inclusive economy driven by private sector-led industrialisation. The Country Strategy Paper (CSP) 2024-2029, which was approved by the Bank’s Board of Directors early November,…
THE Director-General of West Africa Region, African Development Bank (AfDB), Lamin Barrow, says the banks’s cumulative financing approvals in Nigeria stands at 10.9 billion dollars. Barrow said this at the Second Interactive Session and Workshop on Developing Bankable Business Proposals/Business…
AFRICA needs quicker debt restructurings, more favourable lending terms, and an additional $25bn for the Africa Development Fund to avoid a lost decade, the head of its development bank, Akinwumi Adesina, said on Friday. Speaking at London’s Chatham House, Adesina…
THE European Union (EU) and African Development Bank (AfDB) are in the process of redefining their financing grants to catalyse Nigeria’s electricity industry to bridge the supply gap that has left about 95 million people in darkness. Chief Adetayo Olowoniyi,…
